Principal Financial Group Inc. Has $5.77 Million Stock Position in Winnebago Industries, Inc. (NYSE:WGO)

Principal Financial Group Inc. boosted its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 167,320 shares of the construction company’s stock after purchasing an additional 1,640 shares during the period. Principal Financial Group Inc. owned 0.60% of Winnebago Industries worth $5,766,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Winnebago Industries during the 1st quarter worth approximately $1,054,000. GAMMA Investing LLC increased its holdings in Winnebago Industries by 9,187.9% during the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company’s stock worth $819,000 after buying an additional 23,521 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Winnebago Industries by 26.3% during the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company’s stock worth $249,000 after acquiring an additional 1,503 shares in the last quarter. Parallel Advisors LLC lifted its stake in Winnebago Industries by 629.2% in the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock valued at $28,000 after acquiring an additional 711 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Winnebago Industries in the fourth quarter valued at $1,003,000.

Analyst Ratings Changes

WGO has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, June 26th. Citigroup dropped their price objective on Winnebago Industries from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Roth Capital reduced their target price on Winnebago Industries from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. KeyCorp decreased their target price on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, June 26th. Finally, Truist Financial cut their price target on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Winnebago Industries Stock Down 2.7%

WGO opened at $29.80 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41. The stock has a fifty day moving average of $32.86 and a 200-day moving average of $37.21. Winnebago Industries, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $65.65. The company has a market capitalization of $835.18 million, a P/E ratio of -50.50 and a beta of 1.01.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $775.10 million during the quarter, compared to analysts’ expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. On average, equities analysts expect that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries’s dividend payout ratio is presently -230.51%.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.